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<TD><IMG ALT="ICCF logo" SRC="images/logokl.gif" HEIGHT=87 WIDTH=141 ALIGN="LEFT"> </TD>
<TD ALIGN=right><FONT SIZE=2>
Stichting ICCF Holland<br>
Clematisstraat 30<br>
5925 BE  Venlo<br>
The Netherlands<br>
<br>
tel. +31  77  3872340<br>
giro 4548774<br>
KvK Venlo 41064588<br>
<A HREF="http://iccf-holland.org" target="_top">http://iccf-holland.org</A>
</FONT></TD>
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<P ALIGN="CENTER"><FONT SIZE=5>Financial report 2001</FONT></P>

<TABLE BORDER CELLSPACING=2 CELLPADDING=7 WIDTH=618>
<TR>
<TD WIDTH="51%" VALIGN="TOP">
<FONT SIZE=3>Overview of revenue and expenses</FONT><br>
<FONT SIZE=1>(in <B>euro</B>)</FONT></TD>
<TD WIDTH="24%" VALIGN="TOP"><P ALIGN="CENTER"><FONT SIZE=3>2001</FONT></TD>
<TD WIDTH="24%" VALIGN="TOP"><P ALIGN="CENTER"><FONT SIZE=3>2000</FONT></TD>
</TR>
<TR>
<TD WIDTH="51%" VALIGN="TOP"><P><FONT SIZE=3><B>Revenue</B></FONT></TD>
<TD WIDTH="24%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="24%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR>
<TD WIDTH="51%" VALIGN="TOP"><FONT SIZE=3>sponsor contributions</FONT></TD>
<TD WIDTH="24%" VALIGN="TOP"><P ALIGN="RIGHT"><FONT SIZE=3>11,655</FONT></TD>
<TD WIDTH="24%" VALIGN="TOP"><P ALIGN="RIGHT"><FONT SIZE=3>8,907</FONT></TD>
</TR>
<TR>
<TD WIDTH="51%" VALIGN="TOP">
<FONT SIZE=3>one-time donations</FONT></TD>
<TD WIDTH="24%" VALIGN="TOP">
<P ALIGN="RIGHT"><FONT SIZE=3>14,776</FONT></TD>
<TD WIDTH="24%" VALIGN="TOP">
<P ALIGN="RIGHT"><FONT SIZE=3>8,418</FONT></TD>
</TR>
<TR><TD WIDTH="51%" VALIGN="TOP">
<FONT SIZE=3>interest</FONT></TD>
<TD WIDTH="24%" VALIGN="TOP">
<P ALIGN="RIGHT"><FONT SIZE=3><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10</U></FONT></TD>
<TD WIDTH="24%" VALIGN="TOP">
<P ALIGN="RIGHT"><FONT SIZE=3><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8</U></FONT></TD>
</TR>
<TR><TD WIDTH="51%" VALIGN="TOP">
<FONT SIZE=3><B>total</B></FONT></TD>
<TD WIDTH="24%" VALIGN="TOP">
<P ALIGN="RIGHT"><FONT SIZE=3><B>26,441</B></FONT></TD>
<TD WIDTH="24%" VALIGN="TOP">
<P ALIGN="RIGHT"><FONT SIZE=3><B>17,333</B></FONT></TD>
</TR>
<TR><TD WIDTH="51%" VALIGN="TOP">
<FONT SIZE=3><B>Expenses</B></FONT></TD>
<TD WIDTH="24%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="24%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="51%" VALIGN="TOP">
<FONT SIZE=3>contributions towards the project in Uganda</FONT></TD>
<TD WIDTH="24%" VALIGN="TOP">
<P ALIGN="RIGHT"><FONT SIZE=3>26,265</FONT></TD>
<TD WIDTH="24%" VALIGN="TOP">
<P ALIGN="RIGHT"><FONT SIZE=3>17,218</FONT></TD>
</TR>
<TR><TD WIDTH="51%" VALIGN="TOP">
<FONT SIZE=3>costs</FONT></TD>
<TD WIDTH="24%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="24%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="51%" VALIGN="TOP">
<FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;foundation costs</FONT></TD>
<TD WIDTH="24%" VALIGN="TOP">
<P ALIGN="LEFT"><FONT SIZE=3>&nbsp;&nbsp;&nbsp;33</FONT></TD>
<TD WIDTH="24%" VALIGN="TOP">
<P ALIGN="LEFT"><FONT SIZE=3>&nbsp;&nbsp;&nbsp;19</FONT></TD>
</TR>
<TR><TD WIDTH="51%" VALIGN="TOP">
<FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bank costs</FONT></TD>
<TD WIDTH="24%" VALIGN="TOP">
<P ALIGN="LEFT"><FONT SIZE=3>&nbsp;143</FONT></TD>
<TD WIDTH="24%" VALIGN="TOP">
<P ALIGN="LEFT"><FONT SIZE=3>&nbsp;&nbsp;&nbsp;87</FONT></TD>
</TR>
<TR><TD WIDTH="51%" VALIGN="TOP">
<FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;administration costs</FONT></TD>
<TD WIDTH="24%" VALIGN="TOP">
<P ALIGN="LEFT"><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0</FONT></TD>
<TD WIDTH="24%" VALIGN="TOP">
<P ALIGN="LEFT"><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9</FONT></TD>
</TR>
<TR><TD WIDTH="51%" VALIGN="TOP">
<FONT SIZE=3>total costs</FONT></TD>
<TD WIDTH="24%" VALIGN="TOP">
<P ALIGN="RIGHT"><FONT SIZE=3><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;176</U></FONT></TD>
<TD WIDTH="24%" VALIGN="TOP">
<P ALIGN="RIGHT"><FONT SIZE=3><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;115</U></FONT></TD>
</TR>
<TR><TD WIDTH="51%" VALIGN="TOP">
<FONT SIZE=3><B>total</B></FONT></TD>
<TD WIDTH="24%" VALIGN="TOP">
<P ALIGN="RIGHT"><FONT SIZE=3><B>26,441</B></FONT></TD>
<TD WIDTH="24%" VALIGN="TOP">
<P ALIGN="RIGHT"><FONT SIZE=3><B>17,333</B></FONT></TD>
</TR>
<TR><TD WIDTH="51%" VALIGN="TOP">
<FONT SIZE=3><B>Result</B></FONT></TD>
<TD WIDTH="24%" VALIGN="TOP">
<P ALIGN="RIGHT"><FONT SIZE=3><B>nil</B></FONT></TD>
<TD WIDTH="24%" VALIGN="TOP">
<P ALIGN="RIGHT"><FONT SIZE=3><B>nil</B></FONT></TD>
</TR>
</TABLE>


<P><FONT SIZE=3><B>Explanation</B></FONT></P>
<P><FONT SIZE=3>
The revenue and expenses show that the total revenue has grown 53% in 2001, compared to 2000.  Both the contributions from sponsors as well as the one-time donations have grown.  There has been no sale of Vim in 2001.  Most of the donations have been received for the use of Vim, but this is not mentioned separately, because it is not always clear if a donation was made because of using Vim.<BR>
In the next table can be seen that the share from the sponsors has become smaller, which makes the dependency on one-time donations a bit bigger.
</FONT></P>
<TABLE BORDER CELLSPACING=2 CELLPADDING=7 WIDTH=625>
<TR><TD WIDTH="52%" VALIGN="TOP">
<FONT SIZE=3>Revenue in percentages</FONT></TD>
<TD WIDTH="24%" VALIGN="TOP">
<P ALIGN="CENTER"><FONT SIZE=3>2001</FONT></TD>
<TD WIDTH="24%" VALIGN="TOP">
<P ALIGN="CENTER"><FONT SIZE=3>2000</FONT></TD>
</TR>
<TR><TD WIDTH="52%" VALIGN="TOP">
<FONT SIZE=3>sponsor contributions</FONT></TD>
<TD WIDTH="24%" VALIGN="TOP"><P ALIGN="RIGHT"><FONT SIZE=3>44 %</FONT></TD>
<TD WIDTH="24%" VALIGN="TOP"><P ALIGN="RIGHT"><FONT SIZE=3>51 %</FONT></TD>
</TR>
<TR>
<TD WIDTH="52%" VALIGN="TOP">
<FONT SIZE=3>one-time donations</FONT></TD>
<TD WIDTH="24%" VALIGN="TOP"><P ALIGN="RIGHT"><FONT SIZE=3>56 %</FONT></TD>
<TD WIDTH="24%" VALIGN="TOP"><P ALIGN="RIGHT"><FONT SIZE=3>49 %</FONT></TD>
</TR>
<TR><TD WIDTH="52%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="24%" VALIGN="TOP"><P ALIGN="RIGHT"><FONT SIZE=3>100 %</FONT></TD>
<TD WIDTH="24%" VALIGN="TOP"><P ALIGN="RIGHT"><FONT SIZE=3>100 %</FONT></TD>
</TR>
</TABLE>

<P>
<FONT SIZE=3>
We aim at very low costs.  The goal is to limit the costs to 5% of the
revenue.<br>
The revenue and expenses show that the cost in 2001 was 0.7% of the total
revenue.  Thus the goal has been met by a large margin.  The largest parts of
the costs are the banking costs.  They are mostly for transferring the money to
Uganda and to cash foreign donations.
</FONT>
</P>
<TABLE BORDER CELLSPACING=2 CELLPADDING=7 WIDTH=652>
<TR>
<TD WIDTH="32%" VALIGN="TOP">
<P><FONT SIZE=3>Balance at December 31</FONT><br>
<FONT SIZE=1>(in <B>euro</B>)</FONT></P></TD>
<TD WIDTH="10%" VALIGN="TOP">
<P ALIGN="CENTER"><FONT SIZE=3>2001</FONT></TD>
<TD WIDTH="10%" VALIGN="TOP">
<P ALIGN="CENTER"><FONT SIZE=3>2000</FONT></TD>
<TD WIDTH="29%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP">
<P ALIGN="CENTER"><FONT SIZE=3>2001</FONT></TD>
<TD WIDTH="10%" VALIGN="TOP">
<P ALIGN="CENTER"><FONT SIZE=3>2000</FONT></TD>
</TR>
<TR><TD WIDTH="32%" VALIGN="TOP">To be received from sponsors</TD>
<TD WIDTH="10%" VALIGN="TOP">
<P ALIGN="CENTER"><FONT SIZE=3>&nbsp;&nbsp;&nbsp;52</FONT></TD>
<TD WIDTH="10%" VALIGN="TOP">
<P ALIGN="CENTER"><FONT SIZE=3>&nbsp;&nbsp;631</FONT></TD>
<TD WIDTH="29%" VALIGN="TOP">
<FONT SIZE=3>Equity</FONT></TD>
<TD WIDTH="10%" VALIGN="TOP">
<P ALIGN="CENTER"><FONT SIZE=3>nil</FONT></TD>
<TD WIDTH="10%" VALIGN="TOP">
<P ALIGN="CENTER"><FONT SIZE=3>nil</FONT></TD>
</TR>
<TR>
<TD WIDTH="32%" VALIGN="TOP">
<FONT SIZE=3>Fund balances</FONT></TD>
<TD WIDTH="10%" VALIGN="TOP">
<P ALIGN="CENTER"><FONT SIZE=3><U>1,235</U></FONT></TD>
<TD WIDTH="10%" VALIGN="TOP">
<P ALIGN="CENTER"><FONT SIZE=3><U>1,008</U></FONT></TD>
<TD WIDTH="29%" VALIGN="TOP">
<FONT SIZE=3>To be send to the project in Uganda</FONT></TD>
<TD WIDTH="10%" VALIGN="TOP">
<P ALIGN="CENTER"><FONT SIZE=3><U>1,287</U></FONT></TD>
<TD WIDTH="10%" VALIGN="TOP">
<P ALIGN="CENTER"><FONT SIZE=3><U>1,639</U></FONT></TD>
</TR>
<TR><TD WIDTH="32%" VALIGN="TOP">
<FONT SIZE=3><B>total assets</B></FONT></TD>
<TD WIDTH="10%" VALIGN="TOP">
<P ALIGN="CENTER"><FONT SIZE=3><B>1,287</B></FONT></TD>
<TD WIDTH="10%" VALIGN="TOP">
<P ALIGN="CENTER"><FONT SIZE=3><B>1,639</B></FONT></TD>
<TD WIDTH="29%" VALIGN="TOP"><B>total liabilities</B></TD>
<TD WIDTH="10%" VALIGN="TOP">
<P ALIGN="CENTER"><FONT SIZE=3><B>1,287</B></FONT></TD>
<TD WIDTH="10%" VALIGN="TOP">
<P ALIGN="CENTER"><FONT SIZE=3><B>1,639</B></FONT></TD>
</TR>
</TABLE>

<P><FONT SIZE=3><B>Explanation</B></FONT></P>
<P><FONT SIZE=3>
As can be seen from the balance, the foundation does not have any equity.
All revenue is sent to the project in Uganda, after reduction by expenses.
</FONT></P>

<P><FONT SIZE=3>
The fund balances are lower by the end of 2001 than they were in
2000, but are still quite high.  The reason is that larger amounts are
transferred to Uganda at a time, to reduce banking costs.
</FONT></P>

<P><FONT SIZE=3>
The monthly payment from some sponsors for December 2001 was only received in January 2002.  These assets are considered to be part of the year 2001 and are therefore noted here as "to be received" in the balance.
</FONT></P>

<P><FONT SIZE=3><B>Expectations for 2002</B></FONT></P>
<P><FONT SIZE=3>
In January 2002 54 children are being sponsored.  The monthly income is about 800 euro.  We hope to further increase the number of sponsors in 2002.  The monthly amounts have been raised by about 20% in January 2002.  Therefore we expect that the total income from sponsors will be higher in 2002.<br>
The income from the one-time donations and sale of Vim are, considering their incidental nature, hard to predict.  Considering that a few large one-time donations have been received in 2001 and sponsors in Germany now have another way for making donations that allows for a tax reduction, it is very well possible that the income from one-time donations will decline in 2002.
</FONT></P>

<P>&nbsp;</P>
<P><FONT SIZE=3>Venlo, 14 January, 2002,</FONT></P>
<P><FONT SIZE=3>Bram Moolenaar, treasurer.</FONT></P>

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<small>
For comments on the ICCF Holland pages and for more information contact
Bram Moolenaar (Bram AT iccf-holland DOT org).
</small>

<br>
<small>
Information about these pages, privacy, etc.:&nbsp;&nbsp;
<A HREF="colofon.html" target="_top">colofon</A>
</small>

<br>
<small>
These pages are available at:&nbsp;&nbsp;
<A HREF="http://iccf-holland.org" target="_top">iccf-holland.org</A>&nbsp;&nbsp;&nbsp;&nbsp;
<A HREF="http://www.iccf.nl" target="_top">www.iccf.nl</A>
</small>

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